Aug 23, 2017 Last Updated 8:04 AM, Aug 23, 2017
×

Warning

JFile: :read: Unable to open file:

Price restrictions on maize would be 'difficult'- Mutharika, Economists

Private traders in a liberalised economy are free to charge as they can Private traders in a liberalised economy are free to charge as they can
Published in Capital Breaking News
Read 60145 times
Rate this item
(0 votes)

President Mutharika is dismissing calls for a price restriction to be placed on maize, arguing the move would not work in a liberalized market.

There have been growing calls from the public and other stakeholders that the government put controls on the price of the commodity, which private traders are selling at high prices.

A 50 Kilogram bag is currently being sold at prices ranging from K15, 000 to K20, 000.

Most consumers are struggling to buy at these prices since the cheaper grain is not readily available in ADMARC depots.

Speaking through his Press Secretary, Mutharika maintains that ADMARC still has enough stock of maize.

“There is enough maize to take the country through the lean period”, said Gerald Viola, “but the problem is that corruption is still there in these ADMARC depots with vendors still conniving with some officials.”

Cases are still being registered where some ADMARC officials are involved in these corrupt acts which deprive poor people of the cheaper grain.

Economists, however, believe increasing the supply of maize in ADMARC depots would be the most effective way of ensuring that the local consumer is not burdened by high prices on the parallel market.

The president of the Economics Association of Malawi (ECAMA) referred to the current situation as an application of the rules of demand and supply.

Henry Kachaje indicated: “The private traders know that there is no maize in the depots so they bring out their own. Since we are in a liberalized economy, everybody is free to charge as they want.”

Meanwhile, President Mutharika is again planning to address the nation on what mechanisms his government is putting in place to address the issue.

Most people continue to scramble for the grain at the depots with some still not able to acquire it and being forced to acquire it at high prices from the parallel market.

This is despite parliament, in the last sitting, approving 15 billion kwacha for the purchase of maize.

9694 comments

  • Comment Link Jimmie Jimmie Wednesday, 23 August 2017 05:53

    Hi there! I just wanted to ask if you ever have any issues with hackers?

    My last blog (wordpress) was hacked and I ended up losing months of hard work ddue to no data backup.
    Do yoou have any solutions to stop hackers?

  • Comment Link Jamesblend Jamesblend Wednesday, 23 August 2017 05:51

    clomid sans duphaston
    clomid et duphaston sans ordonnance
    prendre clomid sans ordonnance
    achat clomid sans ordonnance

  • Comment Link Noilrem Noilrem Wednesday, 23 August 2017 05:41

    cialis seguridad social

    cheap cialis

    buy cialis online

    cialis 10 mg un basso costo

  • Comment Link Dirk Dirk Wednesday, 23 August 2017 05:38

    Since the admin of this web site is working, no doubt very quickly it will be famous, due to its
    quality contents.

  • Comment Link Johnnyshous Johnnyshous Wednesday, 23 August 2017 05:36

    buy levitra canada
    levitra
    discount levitra pills
    buy levitra
    buy viagra cialis levitra.php

Leave a comment

Make sure you enter the (*) required information where indicated.Basic HTML code is allowed.

Capital Tweets

Any data to display

Find Us on Facebook